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Tata Steel has potential to double India capacity: Chairman

Press Trust of India  |  New Delhi 

has potential to double its domestic capacity, according to its chairman N Chandrasekaran.

"I think it's fair enough to say whether organic or inorganic, we have a potential to double our capacity in India," Chandrasekaran told CNBC TV18 in an interview.

India, he said, is a well-run business and it is slated to perform extremely well as there is a demand as well as a market in the country.

MD T V Narendran had told PTI earlier the company had secured green clearance to increase production capacity of its Jamshedpur facility to 11 million tonnes.

Tata Steel has also planned to enhance the capacity of its Kalinganagar project in to 8 million tonne per annum, he had said.

Tata Steel Group with an annual crude steel capacity of 27.5 million tonne per annum as on March 31, 2017, has operations in 26 countries.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 09 2017. 22:02 IST